Goldman Sachs Joins a Growing List of U.S. Banks Raising Sterling Debt
- Bank of America, Wells Fargo came to market earlier this week
- U.S. lenders are seizing on favorable pound borrowing costs
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U.S. banking giant Goldman Sachs Group Inc. followed Bank of America Corp. and Wells Fargo & Co. in raising sterling debt just days after reporting earnings.
The New York-based bank sold 750 million pounds ($980 million) of notes due in 7.5 years, according to a person familiar with the matter, who isn’t authorized to speak publicly and asked not to be identified. It was the lender’s first sale in the currency since June, when it raised 900 million pounds, according to data compiled by Bloomberg.